Hummingbird RegTech
Makes case management software banks and fintechs use to investigate fraud and money laundering.
On the record
Checkpoint: Whether Hummingbird closes a new funding round or shows up in acquisition talks
The call
Hummingbird has real customers and sticky workflows, but no new funding in over four years and shrinking traffic while bigger, better-funded rivals build the same AI tools it just launched.
Hummingbird RegTech helps financial companies like Stripe and Coinbase automate compliance work, especially checking for money laundering. The company is hard to replace because switching to a new compliance system is costly and risky in a regulated industry, but bigger, well-funded competitors like NICE Actimize and Verafin can build similar tools, and Google Cloud already released its own AI-powered compliance tool in 2023. The one thing that could change the picture is whether Hummingbird's shift to AI agents actually wins new customers or just keeps old ones, because without growth or new funding in the past four years, the company may be headed for a sale rather than independence.
Why
01
AI pressure: Google Cloud AML tool. Google Cloud shipped an AI-powered AML tool in 2023 that automates the same detection work Hummingbird now sells AI agents to do. Could AI do the core job? Yes, likely.
02
Bigger players: NICE Actimize. Actimize, Verafin, and Quantexa have deep compliance budgets and can bolt AI case management onto tools banks already trust. Could a giant copy it? Yes, easily.
03
What protects it. Workflow lock-in with named clients like Stripe, Coinbase, and Brex who would face real switching costs to move investigation records elsewhere.
What would change this call
Hummingbird announces a new priced funding round within 12 months. Would show investors still back independent growth, not a stalled or discounted exit.
Stripe, Coinbase, or Brex publicly switches compliance vendor. Would confirm the workflow moat is breaking and customers are leaving.
NICE Actimize, Verafin, or Google Cloud ships a direct AI-compliance agent for fintech/crypto. Would show incumbents are closing the AI feature gap Hummingbird is selling.
Stripe, Coinbase, or Brex publicly switches compliance vendor. Would confirm the workflow moat is breaking and customers are leaving.
NICE Actimize, Verafin, or Google Cloud ships a direct AI-compliance agent for fintech/crypto. Would show incumbents are closing the AI feature gap Hummingbird is selling.
Key numbers
- $41.8M raised total, last round Dec 2021
- Growth Score 12/100, web traffic down 24% QoQ
- Headcount 138, up 11.3% YoY, only 1 open role
Named risks
- No new priced funding round confirmed since Dec 2021, roughly 56 months as of June 2026, during peak AI capital cycle.
- Core product tasks (SAR drafting, entity research, triage) are directly automatable by general LLM/agent platforms and rivals.
- Crustdata June 2026 snapshot shows -24% QoQ web traffic and only one open role, signaling stalled growth.
- Revenue and funding figures across data providers vary wildly ($27M to $380M), undermining verifiability of scale.
- Crowded, well-funded competitive field (Actimize, ComplyAdvantage, Verafin, Quantexa) plus cloud entrants pressures pricing and share.
Rivals, as read in July 2026
| Rival | Direction | Evidence |
|---|---|---|
| NICE Actimize | contesting | Named predator incumbent; former Actimize GM Puja Agrawal now sits on Hummingbird's own board |
| Google Cloud | gaining on | Shipped AI-powered AML tool June 2023, competing directly with Hummingbird's AI-agent pitch |
| ComplyAdvantage | contesting | Benchmarked against Hummingbird in RegTech provider comparison report, June 2026 |
| Verafin | contesting | Listed as top-9 direct competitor by PitchBook profile, 2026 |
| Quantexa | contesting | Listed as top competitor by CB Insights alternatives page |
Questions people ask
- Is Hummingbird RegTech profitable?
- No audited revenue figures are public. Hummingbird has raised $41.8M total venture funding through its Dec 2021 Series B and shows no new funding round through mid-2026, per a June 2026 Crustdata snapshot, with no independent confirmation of profitability.
- Could AI replace Hummingbird RegTech?
- Partly. Hummingbird's own core tasks, entity research, SAR drafting, case triage, are exactly what its new AI Agents (expanded June 9, 2026) automate. Google Cloud shipped a competing AI-powered AML tool in June 2023, showing platform players can build similar automation directly.
- Who are Hummingbird RegTech's biggest competitors?
- Named rivals include NICE Actimize, ComplyAdvantage, Verafin, Quantexa, QuantaVerse, and LexisNexis Risk Solutions. NICE Actimize is the most cited incumbent threat; a former NICE Actimize GM, Puja Agrawal, sits on Hummingbird's own board.
- Has Hummingbird RegTech raised money recently?
- No new priced round has been publicly confirmed since its $30M Series B led by Battery Ventures closed December 7, 2021, bringing total funding to $41.8M. A June 2026 Crustdata snapshot shows roughly 56 months without a new funding event.
- Who owns Hummingbird RegTech?
- Hummingbird is privately held and venture-backed, with no IPO or acquisition of the company itself reported. Investors include Flourish Ventures, Battery Ventures, Homebrew, Omidyar Network, Ironwood Ventures, TTV Capital, Fin Capital, and Designer Fund, per a June 2026 investor listing.
- What customers does Hummingbird RegTech have?
- Company and press materials name Stripe, Coinbase, Brex, Evolve Bank & Trust, Upgrade, Etsy, BILL, Raymond James, Symetra, Crypto.com, and DraftKings as customers, per a December 2021 Series B announcement and a June 2026 product release, both vendor-claimed.
Timeline
- 2026-06-20Crustdata snapshot: 138 employees, Growth Score 12/100, one open role, -24% QoQ web traffic
- 2026-06-09Announced expanded Research Agent and Review Agent, available in-platform and via API
- 2024-09-23Acquired LogicLoop, a no-code data integration startup, terms undisclosed
- 2021-12-07Closed $30M Series B led by Battery Ventures; total funding reaches $41.8M
- 2020-07-16Closed $8.2M Series A led by Flourish Ventures
- 2017Hummingbird product launched
- 2016Hummingbird RegTech founded by Jesse Reiss and four co-founders
Revision history
22 July 2026
First assessed. Losing its protection. The text above is fixed as of this date and is not edited afterwards.
In the same band
Sources
- Hummingbird Raises $8.2M To Automate Financial Compliance Technology (2020-07-16)
- Hummingbird Raises $30M in Series B Funding (2021-12-07)
- Hummingbird - Headcount, Funding & Open Jobs (2026-06-20)
- Hummingbird acquires LogicLoop to manage financial risk and compliance (2024-09-23)
- Management and Employees List
- Hummingbird Regtech Company Overview, Contact Details & Competitors
- Hummingbird Raises $30M in Series B Funding (2021-12-14)
- Meet Hummingbird's New AI Agents and AI Assistant
- Hummingbird Expands Orchestration Platform for Financial Crime Compliance With New AI Agents (2026-06-09)
- What is Competitive Landscape of Hummingbird Company?
- Hummingbird RegTech, Inc. Company Profile (2024-03-14)
- Hummingbird CEO, Founder, Key Executive Team, Board of Directors & Employees